AUDUSD Weekly Analysis – March 22, 2015

AUDUSD moved sideways in a trading range between 0.7560 and 0.7912. Key resistance is at 0.8000, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible after consolidation.

audusd chart